Sam and Liz Weidner, of Hudsonville, Mich., view a home for sale in Lowell, Mich. The National Association of Realtors reported a rise in existing home sales for April.

Written by

Julie Schmit
| USA Today

Existing home sales rose in April and the supply of homes for sale took a big jump but still remains limited, the National Association of Realtors says.

Total existing-home sales increased 0.6 percent to a seasonally adjusted annual rate of 4.97 million in April from an upwardly revised 4.94 million in March, the group said. At that level, sales were 9.7 percent above year ago levels.

? More homes on market. The inventory of homes for sale, meanwhile, expanded to a 5.2-month supply from 4.7 months in March. That means all the homes would sell in that time frame if no new supply was added. Realtors ...